Tuesday, April 7, 2009

Stimulus plan energy funding for NJ, NY, PA, DE

The author of the guest article below is Lawrence Cohen, a director at Gibbons P.C., a 220-lawyer business and litigation firm with offices in Delaware, New Jersey, New York and Pennsylvania.
Mr. Cohen's varied national practice includes advising companies in the alternative energy/sustainable development sector that focus on R&D, manufacturing, installation, or investment.

Recovery Act Energy Funding - Information Sources and Selected State Developments

Announcements regarding the allocation of federal money and loans for “clean technology” under the American Recovery and Reinvestment Act (the “Recovery Act”) have been released at a feverish pace since the Recovery Act was signed into law by President Barack Obama. In addition, state governments are issuing further pronouncements and guidance on potential alternative energy/sustainable development programs, whether derived from the Recovery Act or stemming from preexisting state budgetary allocations.

The range of potential recipients of such government energy-program assistance who need to explore where and how to secure funding, is very broad. These parties include not only “end users” (producers and installers of alternative energy technology, contractors and designers of residential and commercial building energy efficiency technology and weatherization upgrades, recycling companies, etc.), but researchers in basic alternative energy science.[1]

Thanks to the Internet, the dissemination of a large volume of government press releases, policy guidelines, and other data sources has been rapid and widespread. However, tracking these developments can also be overwhelming to parties that seek to learn how to benefit from our national effort to encourage business expansion and job creation through clean technology.

The effort involved in navigating the on-line information relating to government grants, applications and funding programs can be daunting and require a significant commitment or time and expertise.

This article points out certain general sources of information and updates some of the most recent state programs administering the Recovery Act funds in the energy sector. Because Gibbons P.C.’s offices are located in New York, New Jersey, Pennsylvania and Delaware, we have focused on these four, contiguous states.

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